Proof of Concept Fund

Man working in manufacturing facility.

Purpose

The Proof of Concept Fund is a loan program that will provide up to $25,000 investments for eligible applicants to conduct research demonstrating the technical and economic feasibility of an innovation significantly enhancing the likelihood of commercialization of the innovation.

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Man working in manufacturing facility.

Who is Eligible

Eligible applications for “Proof of Concept” investments include: entrepreneurs, universities, existing South Dakota companies, or other entities committed to commercializing the results in South Dakota.

Downloads

Proof of Concept CY 2025 Proof of Concept CY 2024 Proof of Concept CY 2023 Proof of Concept CY 2022 Proof of Concept CY 2021 Proof of Concept CY 2020 Proof of Concept CY 2019 Proof of Concept CY 2018 Proof of Concept CY 2017 Proof of Concept CY 2016 Proof of Concept CY 2015 Proof of Concept CY 2014 Proof of Concept CY 2013 Proof of Concept Detailed Budget Worksheet